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Norilsk Nickel and BCL Ltd entered into definitive agreements for sale of African operations to BCL.Total expected consideration for assets payable by BCL to Norilsk Nickel amounts to $337 million payable in cash.In addition, BCL will assume all attributable outstanding debt and environmental and rehabilitation liabilities associated with each asset.
Assets are 50 pct participation interest in Nkomati Nickel and Chrome mine and 85 pct stake in Tati Nickel mining company Source text for Eikon.
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